Archive Europe: Economy

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  • European stocks opened lower on Friday as markets digest the latest decision from the European Central Bank (ECB).

  • FRIDAY, JULY 22 BEIJING- Chinese Premier Li Keqiang will hold a roundtable with World Bank President Jim Yong Kim, International Monetary Fund Managing Director Christine Lagarde, World Trade Organization Director-General Roberto Azevedo, International Labor Organization Director-General Guy Ryde, Organization for Economic Cooperation and...

  • FRIDAY, JULY 22 BEIJING- Chinese Premier Li Keqiang will hold a roundtable with World Bank President Jim Yong Kim, International Monetary Fund Managing Director Christine Lagarde, World Trade Organization Director-General Roberto Azevedo, International Labor Organization Director-General Guy Ryde, Organization for Economic Cooperation and...

  • FRIDAY, JULY 22 BEIJING- Chinese Premier Li Keqiang will hold a roundtable with World Bank President Jim Yong Kim, International Monetary Fund Managing Director Christine Lagarde, World Trade Organization Director-General Roberto Azevedo, International Labor Organization Director-General Guy Ryde, Organization for Economic Cooperation and...

  • ATHENS, Greece— Greece's parliament has approved plans to lower the voting age by a year to 17 and adopt a proportional representation system, after years of economic austerity have hammered popular support for traditionally dominant political parties. But Prime Minister Alexis Tsipras' left-wing government failed to win a supermajority of votes required...

  • Treasury Secretary Jack Lew said on Thursday that G20 finance officials do not need to take the same type of massive coordinated fiscal stimulus efforts used to combat recession in 2008-2009, despite an expected global economic growth slowdown sparked by Britain's vote to leave the European Union. Lew, speaking to reporters before flying to Chengdu, China...

  • NEW YORK— How many more times can bond funds ride to the rescue when stocks go on another one of their tumbles? Markets are calm now, but it was only a month ago that a freak-out about the United Kingdom's departure from the European Union sent the largest stock fund to a two-day loss of nearly 6 percent. Ford O'Neil, portfolio manager at the $24.4 billion Fidelity...

  • NEW YORK/ LONDON, July 21- Gold rebounded above a three-week low and rose 1 percent on Thursday, as the dollar fell and the key stock indexes hovered below record highs after the European Central Bank left key interest rates unchanged. "September's meeting has become even more important and expectations will be running sky-high that the bank will do more QE,"...

  • Pedestrians walk in the rain at the Canary Wharf business district in London.

    Rather than the major disruptive factor to the global economy and financial markets, the decision has had a decidedly muted effect.

  • Our live blog is tracking market reaction after a press conference from Mario Draghi, the president of the European Central Bank.

  • *Budapest equities index reaches 9- year highs. BUDAPEST, July 21- Central Europe's main currencies firmed to new highs on Thursday after the European Central Bank said it would keep its loose policy for an extended period. "Draghi sounded quite optimistic to me," one Budapest- based currency dealer said.

  • European Central Bank chief Mario Draghi attends the Committee on Economic and Monetary Affairs at the EU headquarters in Brussels on June 21, 2016.

    The ECB left all key interest rates unchanged on Thursday, after the governor of the Bank of Japan ruled out using "helicopter money" in a radio interview.

  • Draghi: Brexit headwind to EU economy

    CNBC's Jim Cramer and David Faber reacts to the European Central Bank leaving rates unchanged.

  • LONDON, July 21- World stocks faded after hitting nine-month highs on Thursday, cooled by signals from Japan that its next shot of stimulus won't include hand-out' helicopter money'. The European Central Bank, at its first post-Brexit meeting, opted to keep its record low interest rates on hold and Wall Street markets looked to be heading for a subdued restart.

  • ECB to watch post-Brexit economy: Draghi

    CNBC's Steve Liesman has the update from Mario Draghi's press conference on interest rates.

  • LONDON, July 21- British retail sales suffered their sharpest monthly fall in six months in June, but stores said bad weather rather than Brexit was to blame, leaving open the question of how big a hit the vote to leave the European Union will deal to the economy. But the Office for National Statistics said retailers did not attribute the fall to the result of the June...

  • July 21- Confidence in prospects for the global economy has been dented following Britain's vote to leave the European Union, with a growing view that monetary policy is a fading force and many governments now need to borrow and spend, Reuters polls showed. "Given how fragile the global economy is nearly eight years after the start of the global financial crisis,...

  • Members of the U.K.’s science and agriculture industries have already begun to voice concerns about Brexit's impact on funding and labour.

  • By Balazs Koranyi and Francesco Canepa. FRANKFURT, July 21- The European Central Bank kept its interest rates and forward guidance unchanged as expected on Thursday but will likely use a news conference to address a growing list of obstacles that again threaten to derail its efforts to lift growth and inflation. Italy's bank troubles, Britain's decision to...

  • LONDON, July 21- The yen rebounded from six-week lows against the dollar on Thursday, after Bank of Japan chief Haruhiko Kuroda said the bank saw no need to stimulate the economy with "helicopter money". After dipping below $1.10 on Wednesday, the euro was also steadier as the European Central Bank held off with any immediate further easing of monetary policy, as...

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